Stock in Focus: Bloomberry Resorts (BLOOM)

Bloomberry Resorts Corporation (stock symbol: BLOOM) has practically wilted for 8 straight days, breaking its June 25 low at 8.36 in the process. The bullish candle today was weak to say the least; bulls should do more in the coming days… and weeks.

The Relative Strength Index (RSI) has moved above the 30 level but that is nothing to be excited about.

BLOOM has been in slumber since mid-2012. Don’t fight the current trend – avoid this stock for now.